More Homeowners Underwater on Their Mortgages in Q1 as Home Price Appreciation Slowed
Roughly 1.2 million U.S. homeowners, or 2.1%, were underwater on their mortgages as of the end of the first quarter, an increase of 17%...
MBA: Mortgage Applications Jumped 12.5 Percent Last Week
Mortgage application volume surged 12.5% during the week ended June 6, despite a slight increase in rates, according to the Mortgage Bankers Association’s (MBA)...
Luxury Home Prices Increased in April Despite Slowing Sales
Sales of luxury homes slowed in April — but that didn’t stop luxury home prices from rising: According to recent report from Zillow, luxury...
Mortgage Credit Availability Now at Highest Level Since August 2022
Mortgage credit availability increased 2.1% in May compared with April, rising to a score of 105.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Clear Capital: Home Prices Continue to Rise in Most Markets
U.S. home prices increased 1.4% in the three months ended in May and were up 4.2% compared with May 2024, according to the latest...
Another Solid Jobs Report Likely Kicks Hopes of Fed Rate Cut Down the Road
Roughly 139,000 new jobs were added to the U.S. economy in May, while the unemployment rate remained unchanged at 4.2%, according to the U.S....
Cotality: Annual Home Price Growth Slowest in More Than a Decade
U.S. home prices increased 0.6% in March compared with February but were up only 2% compared with March 2024, according to Cotality’s latest home...
Mortgage Rates Down a Smidge This Week
Mortgage rates decreased slightly this week, after three consecutive weeks of increases, with the average rate for a 30-year fixed-rate mortgage falling to 6.85%,...
MBA: Homebuyer Affordability Continued to Decrease in April
Homebuyer affordability decreased slightly in April, falling 0.6% to a score of 163.0 on the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI).
That’s...
Pending Home Sales Sank 6.3 Percent in April, Subdued by Higher Mortgage Rates
Pending home sales fell 6.3% in April compared with March and were down 2% compared with April 2024, according to the National Association of...
Case-Shiller: Home Price Growth Turned Negative Month-Over-Month in March
Despite increased inventory, U.S. home prices posted a decrease of -0.3% in March compared with February but were up year-over-year, according to the S&P...
Mortgage Applications Edged Down Last Week as 30-Year Rises to Nearly 7 Percent
Mortgage application volume dipped 1.2% during the week ended May 23, as the average rate for a 30-year, fixed-rate mortgage increased to 6.98%, up...
New Home Sales Jumped 10.9 Percent in April
New home sales in April were at a seasonally-adjusted annual rate of 743,000, an increase of 10.9% compared with March and up 3.3% compared...
Existing-Home Sales Decreased Slightly in April
Existing-home sales were at a seasonally adjusted annual rate of about 4.00 million in April, down 0.5% compared with March and down 2.0% compared...
Zillow: Inventory of Homes for Sale is Up Nearly 20 Percent From a Year...
Inventory of homes for sale surged 19.6% in April compared with April 2024 - and new listings were up 7.6% - but it hardly...
First American: Home Prices Increased Only 2 Percent Year-Over-Year in April
U.S. home prices increased 0.4% in April compared with March but were up only 2% compared with April 2024 - a clear indication that...
Housing Starts Were Lackluster in April as Builders Grappled With Economic Uncertainty
Housing starts increased slightly in April, as builders continued to face significant economic uncertainty due to tariffs, in addition to supply and labor headwinds.
Starts...
NAR: Despite Increased Inventory, Housing Affordability Gap Persists
U.S. households earning $75,000 a year can only afford 21.2% of home listings as of March – up slightly from 20.8% in March 2024,...
More Than 80 Percent of Metro Areas Posted Home Price Increases in Q1
More than 80% of metro markets (189 out of 228, or 83%) registered home price gains in the first quarter, down from 89% in...
ATTOM: Share of Homes Considered ‘Equity Rich’ Fell Slightly in Q1
The share of homes considered equity-rich dropped to 46.2% in the first quarter, down from 47.7% in the fourth quarter, while the rate of...